One of the leading crypto trading exchanges, Bitfinex has added additional trading pairs and fiat currencies. With a blog post on March 29, the platform announced that the Japanese Yen and British Pound will be added to the number of fiat currencies it supports.
After that, user from the UK and Japan will be able to use their fiat currency against cryptocurrencies like ETH, EOS, NEO, and IOTA which previously were trading only against USD or BTC:
- BTC – BTC/JPY & BTC/GBP
- ETH – ETH/EUR, ETH/JPY & ETH/GBP
- NEO – NEO/EUR, NEO/JPY & NEO/GBP
- EOS – EOS/EUR, EOS/JPY & EOS/GBP
- IOTA – IOTA/JPY & IOTA/GBP
However, many major crypto coins like Ripple, Litecoin or Monero are still only available to be traded against USD or BTC, without other option for the users of Euro, GBP or Yen.
The company highlighted that this development surfaced to meet the needs of some under-served markets on an international scale. Also, the ability to deposit or withdraw in JPY and GBP helps this commitment and adds more liquidity on the exchange and the market as a whole.
“We are very pleased to add to our selection of fiat offerings and to do our part in making cryptocurrencies more globally accessible. We are making a strong push for improved transparency and worldwide regulatory collaboration, and our ability to add support for these markets is a strong win on that front.” – JL van der Velde – CEO of Bitfinex
The news announced just one day after the reports about a forthcoming transferring of company’s headquarters to Switzerland and that the key member of the Swiss government has already held a meeting with it for the movement. The strongly growing European community of the central Europe state is showing a bullish sentiment and optimism about the potential move on Swiss.
“It would be sensational if an actor of this size and importance should decide for Switzerland; it would show that Switzerland can indeed occupy a leading position in the entire Blockchain industry.” – Local crypto entrepreneur.